GBP/JPY – 30M – SELL

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 215.465 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 216.047 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Bearish Harami’ candlestick chart pattern is existing. The candles show ‘Bearish Harami’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).

216.047 – 215.768 – 215.479 – 215.534 – 215.514 – 214.938 —
215.81600 – 215.74000 —
49.59479828351 – 45.496714418393 —
– —
216.047 – 1777302000

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Bearish Harami – – – – – – – – –